Italian Intesa plant to establish bank in Turkey.

By bne IntelliNews April 12, 2012
Italy-based lender Intesa officially confirmed that it has applied to the local banking authority (BDDK) a few months ago for a banking license in order to establish a bank in Turkey and it plans to open a stand-alone corporate banking headquarters in Istanbul, Reuters reported by quoting an unnamed spokesman from Intesa. Intesa will initially open a single operative head office in Istanbul in order to provide wholesale products and services to Italian and international companies those want to expand into Turkish market, Reuters quoted the unnamed spokesman. On a separate note, local daily Star reported by quoting unnamed officials from the BDDK saying that Intesa plans to open branches in the country starting with three largest cities, Istanbul, Ankara and Izmir. Other lenders from the Europe and the USA are also interested in Turkey, according to the daily.

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